Retirement plan

ROOFERS UNION LOCAL 221 ANNUITY PLAN

Name: BOT ROOFERS UNION LOCAL 221 ANNUITY PLAN - ROOFERS UNION LOCAL 221 ANNUITY PLAN (2023) Form 5500
Creator: BOT ROOFERS UNION LOCAL 221 ANNUITY PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROOFERS UNION LOCAL 221 ANNUITY PLAN, BOT ROOFERS UNION LOCAL 221 ANNUITY PLAN

BOT ROOFERS UNION LOCAL 221 ANNUITY PLANdba BOT BOARD OF TRUSTEES)EIN 99-0174607Plan #002PY 2023

200 N. VINEYARD BLVD., SUITE 100 - HONOLULU, HI 968173938808-841-7575

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$17.3M

+7.0% from 2022

Total participants

319

+0.3% from 2022

Average account balance

$54,354

+6.6% from 2022

Annual return

13.25%

+23.16 pp from 2022

Benchmarks

See 3,251 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,251 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$19.39M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$62K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

313

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$565

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 8 by compensation

Provider	Service type	Compensation
HAWAII BENEFIT ADMINISTRATORS, INC.9+ years Filed as: HAWAII BENEFIT ADMINISTRATORS INC. Service code 13 · EIN 99-0329747	Contract Administrator	$50,124
FIRST HAWAIIAN BANK9+ years Service code 19 · EIN 99-0034327	Securities Custodian	$39,212
C. M. BIDWELL & ASSOCIATES6 years Service code 28 20 OLD PALI PL · HONOLULU, HI 96817	Investment Management	$20,884
JAMES P HASSELMAN CPA LLC9+ years Service code 10 · EIN 20-5496781	Accounting	$16,806
HONOLULU ACTUARIAL CONSULTANTS9+ years Service code 17 · EIN 20-5644068	Pension Consulting	$14,861
RAYMOND JAMES FINANCIAL SERVICES7 years Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 1001 BISHOP STREET, SUITE 2920 · HONOLULU, HI 96813	Advisory (Plan)	$12,500
STEPHEN HORN INSURANCE SERVICES4 years Filed as: STEPHEN HORN INSURANCE SVC Service code 22 37 GRAHAM ST 110 · SAN FRANCISCO, CA 94129	Insurance Broker	$7,213
WEINBERG, ROGER & ROSENFELD9+ years Filed as: WEINBERG ROGER & ROSENFELD Service code 29 · EIN 94-2458080	Legal	$5,524

Plan features & details

Pension benefit codes2C

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$172K

$915 / participant

Investment mgmt$73K42.2%
Legal$6K3.2%
Actuarial$15K8.6%
Contract admin$50K29.1%
Other / not subdivided$29K16.8%

% of EOY assets

0.992%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JAMES P HASSELMAN CPA LLC
Auditor EIN: 205496781
Audit fees: $16,806
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,354

$76,696-29.1%

$96,538-43.7%

$71,529-24.0%

Participation rate

100.0%

66.6%+33.4pp

74.3%+25.7pp

67.9%+32.1pp

Annual return

13.25%

48.32%-35.1pp

35.74%-22.5pp

28.97%-15.7pp

Employer contribution / active EE

$4,991

$3,032+64.6%

$3,740+33.4%

$2,590+92.7%

Participant deferral / active EE

$3,770-100.0%

$4,880-100.0%

$4,291-100.0%

Admin fee / account holder

$539

$2,030-73.4%

$6,737-92.0%

$1,588-66.1%

Provider

Service type

Compensation

HAWAII BENEFIT ADMINISTRATORS, INC.9+ years

Filed as: HAWAII BENEFIT ADMINISTRATORS INC.

Service code 13 · EIN 99-0329747

Contract Administrator

$50,124

FIRST HAWAIIAN BANK9+ years

Service code 19 · EIN 99-0034327

Securities Custodian

$39,212

C. M. BIDWELL & ASSOCIATES6 years

Service code 28

20 OLD PALI PL · HONOLULU, HI 96817

Investment Management

$20,884

JAMES P HASSELMAN CPA LLC9+ years

Service code 10 · EIN 20-5496781

Accounting

$16,806

HONOLULU ACTUARIAL CONSULTANTS9+ years

Service code 17 · EIN 20-5644068

Pension Consulting

$14,861

RAYMOND JAMES FINANCIAL SERVICES7 years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 27

1001 BISHOP STREET, SUITE 2920 · HONOLULU, HI 96813

Advisory (Plan)

$12,500

STEPHEN HORN INSURANCE SERVICES4 years

Filed as: STEPHEN HORN INSURANCE SVC

Service code 22

37 GRAHAM ST 110 · SAN FRANCISCO, CA 94129

Insurance Broker

$7,213

WEINBERG, ROGER & ROSENFELD9+ years

Filed as: WEINBERG ROGER & ROSENFELD

Service code 29 · EIN 94-2458080

Legal

$5,524

ROOFERS UNION LOCAL 221 ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROOFERS UNION LOCAL 221 ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion